About Aperocket Finance
ApeRocket Finance is a suite of products in Decentralized Finance (DeFi) that provides yield optimization strategies through the Binance Smart Chain, using ApeSwap liquidity. The rise of PancakeBunny which contributed grandly to the explosion of PancakeSwap as the main decentralized exchange and automated market maker in the BSC has influenced us to build ApeRocket. We envision to provide the same results for ApeSwap as we truly believe in the ecosystem.
Through automation, ApeRocket Defi allows apes of all kinds to reap the benefits of compounding without additional steps. ApeRocket calculates the most optimal compound frequency and automatically compounds your tokens to provide you the best yields.
ApeRocket Finance is a suite of products in Decentralized Finance (DeFi) that provides yield optimization strategies through the Binance Smart Chain, using ApeSwap liquidity. The rise of PancakeBunny which contributed grandly to the explosion of PancakeSwap as the main decentralized exchange and automated market maker in the BSC has influenced us to build ApeRocket.
ApeRocket Finance Defi envision to provide the same results for ApeSwap as they truly believe in the ecosystem. Through automation, ApeRocket allows apes of all kinds to reap the benefits of compounding without additional steps. ApeRocket calculates the most optimal compound frequency and automatically compounds your tokens to provide you the best yields.
Polyfrenchie.com Facts
| Polyfrenchie.com | Facts |
|---|---|
| Defi Coin Name | ApeRocket Finance |
| Short Name | SPACE |
| Total Supply | N/A |
| Source | Click Here To View Source |
| Chat Option | Click Here To Visit Chat |
| Explorers | Click Here To View Explorers |
| Official Website | Click Here To Visit |
What is SPACE Token?
SPACE is a governance token native to the ApeRocket.finance ecosystem. ApeRocket is a yield optimizer hosted on Binance Smart Chain (BSC). SPACE token’s utility is for participation in voting on ApeRocketDAO proposals. In order to encourage people to deposit their assets on ApeRocket, investors will receive SPACE tokens.
Details:
- No max supply
- ApeRocket Governance token (we will explain more about it after the release, for now we are focused on the growth of the SPACE token)
- Revenue earning token: SPACE stackers can earn performance fees produced by ApeRocket vaults in BNB
How is the SPACE Token minted?
For every BNB collected in performances fees, 34 SPACE are minted. As ApeRocket Finance Defi price goes up, emission will decrease. You can earn SPACE by using the farms, or you can buy SPACE through our zap function. Roughly 13% of all SPACE mints will go towards development to ensure rapid innovation.
How to obtain SPACE?
- Honest $BANANA Farmers: Deposit BANANA-BNB LP and reap the benefits of the compounding effect. With Simple Interest, the APR is 300% for BANANA-BNB, however, if this gets compounded it becomes 1884% APY. The assumptions are the following:
- (a) Initial capital is $1M
- (b) Transaction cost: $1
- (c) Compounded Once DailyThe transaction cost assumes it takes 4-5 steps for ApeRocket to compound deposits. Around 25% of Rocket’s profits will be bonuses. Some percent of the farming profits will be saved as BNB in the SPACE Reward Pool.
Degens
Buy SPACE at the start of launch. Sell when the price becomes high enough to fulfill your greedy desire. The Probability of SPACE dropping below the initial price is very low.
(a) IAO Participants bought SPACE will not sell at a loss.
(b) As SPACE Price goes up, Rocket issued volume will decrease.
Smart Investors:
Stake ApeRocket Finance long-term. The meaning of SPACE Pool’s APY 100% is if you buy $10 worth of SPACE now and stake it for 1 year, you will receive $10 worth of BNB. If you sell the remaining SPACE on the market, you can also capitalize on profits there. If you are a wise investor, you would meticulously analyze the APY of the staking pool and earn profits not only from the BNB rewards, but also from selling the SPACE as well.
Fees:
- They are starting off with the following fee structure:
- 30% Performance fee
- 0.5% withdrawal fee if withdrawal happens within 72 hours of deposit For further clarification the 30% performance fee is collected and given to the SPACE stackers. For every 1 BNB earned through performance fees, 34 SPACE tokens are minted and given to respective users. So long as the price of SPACE stays above 1BNB/34, users are actually earning money through this performance fee system. All of these fees will ultimately go towards staking SPACE, thereby ensuring the sustainability and longevity of our project and benefitting SPACE supporters/holders.
How to Add SPACE Token to Metamask
1. Open Metamask and click ‘Assets’ to see the tokens in your wallet
2. Scroll down to the bottom and click ‘Add Token’.
3. Click ‘Custom Token’
4. Paste the contract address for SPACE into ‘Token Contract Address’
6. Click ‘Add Tokens’ to add the new token
7. SPACE is listed on your Metmask
Vaults
ApeRocket Finance Defi Vaults are capital pools that automatically generate yield based on opportunities present in the market. They are non-custodial, transparent, and users can withdraw their assets at any time. The bulk of existing vaults are based on the PancakeBunny existing architecture, expanding it with new strategies focused with maximizing ApeSwap liquidity and earnings of BANANA holders.
Governance
ApeRocketDAO will be launched a few weeks/months after the initial SPACE tokens were minted. SPACE held in the SPACE Vault is the governance token. A minimum amount of SPACE will be required to create new community proposals.
With governance they want to truly allow the community to contribute to the building and future of ApeRocket. They believe this is an opportunity to take the desires and ideas of the users and put them into action.